LETTER FROM THE EDITOR
Our Ethics Corner feature has generated some feedback, and this month we are revisiting the first case study we presented. As expected, there is room for differences of opinion on ethics questions.
In part, the growth of international membership in the MTA should guarantee some discussion on ethics. Laws differ among countries and cultural differences are greater than many assume. Perhaps the only undeniable truth in ethics is that people are not all alike. Different people hold different opinions, which is the underlying reason we have a market to trade.
While cultural differences must be considered in any situation, the Standards defined in the MTA Code of Ethics are mandatory for all members and affiliates. While there may be a less strict requirement defined in local laws at times, the Code of Ethics requires that the stricter rules of the Code must be the guide. Obviously if the law is stricter than the Code of Ethics, the Code does not offer an excuse for breaking the law.
We look forward to continuing discussions on ethics. It is important to our profession to hear as many opinions as possible. By understanding why some scenarios present “grey zones” we can make professional ethics stronger. Please send any comments to firstname.lastname@example.org.
Mike Carr, CMT
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New Educational Content This Month
February 1, 2023
An Introduction to Technical Analysis
Presenter(s): Ralph Acampora, CMT
January 4, 2023
High Profit Candlestick Patterns
Presenter(s): Stephen W. Bigalow
December 12, 2022
Structural Interest Rate Reversal Finally Underway?
Presenter(s): Louise Yamada, CMT